DSP MSCI India ETF - NAV, Mutual Fund Performance & Portfolio

DSP MSCI India ETF

Equity ETFs Very High Risk Fund Managers: Anil Ghelani, Diipesh Shah, Neha Rathi

📓 Notes

–

1Y Return

-1.03% 1D

Overview Returns Historical Holdings Peer Comparison Fund Managers AMC FAQ

Latest NAV

₹27.96

Fund Size

₹3 Cr

Turnover Ratio

1.17

Lock-in Period

Nil

Inception Date

25 Nov 2025

Return Since Inception

-9.06%

Fund Type

Open ended scheme

Min. Lumpsum / SIP

₹5000 / ₹0

The investment objective of the Scheme is to generate returns that are commensurate with the performance of the MSCI India Index, subject to tracking error.

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NAV Performance

Historical Net Asset Value

– 1Y Return

≤ 1 year — Absolute; > 1 year — CAGR

Return Calculator

Estimation based on past performance

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After 0 Years your investment will be:
₹ 0 (0%)

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Returns and Rankings

Benchmark: MSCI India

ETFs	1M	3M	6M	9M	1Y	2Y	3Y	4Y	5Y	10Y	ALL
Fund returns	-3.07%	-5.69%	-4.68%	-7.46%	N/A	N/A	N/A	N/A	N/A	N/A	-7.92%
Category returns	-2.99%	-4.52%	-3.02%	-5.03%	-4.77%	-2.03%	9%	10.98%	7.45%	11.5%	N/A
Absolute returns	-3.07%	-5.69%	-4.68%	-7.46%	N/A	N/A	N/A	N/A	N/A	N/A	-7.92%
Rank within category	119/268	163/252	141/241	141/228	N/A	N/A	N/A	N/A	N/A	N/A	N/A

≤ 1 year — Absolute; > 1 year — CAGR

Historical Data

Benchmark: MSCI India

ETFs	2025	2026
Yearly returns	N/A	-8.96%
Q1 returns	N/A	-13.57%
Q2 returns	N/A	9.83%
Q3 returns	N/A	-4.43%
Q4 returns	N/A	0.35%

Expense Ratio, Exit Load & Tax

Expense Ratio: 0.42% (Inclusive of GST)

Exit Load

Advanced Ratios

Alpha	0.455252
Beta	1.0372
Sharpe Ratio	-0.323245
Sortino Ratio	-0.471901

Risk Metrics

R-Squared	0.9694
Tracking Error	0.6089
Downside Risk	14.8267
Std. Deviation (Annualised)	14.1701

Peer Comparison

ETFs	1M	3M	6M	9M	1Y	3Y	5Y	10Y	ALL	Fund Size (Cr)	Exp. Ratio	Sharpe	Risk
Motilal Oswal BSE Healthcare ETF	-7.16%	-4.01%	10.11%	12.75%	6.7%	19.48%	N/A	N/A	19.41%	44.40	0.36	0.30	Very High
Nippon India Nifty Pharma ETF	-4.12%	-0.09%	14.11%	16.17%	15.52%	19.28%	12.79%	N/A	12.07%	1,736.44	0.23	0.30	Very High
Motilal Oswal BSE Enhanced Value ETF	-3.37%	-6.03%	-9.38%	-9.5%	-0.01%	18.7%	N/A	N/A	26.28%	146.61	0.43	0.20	Very High
DSP Nifty PSU Bank ETF	-0.29%	-1.08%	-5.84%	-7.11%	9.24%	18.66%	N/A	N/A	20.49%	1,434.17	0.16	0.15	Very High
ICICI Prudential Nifty PSU Bank ETF	-0.32%	-1.15%	-6.01%	-7.33%	8.91%	18.53%	N/A	N/A	26.2%	118.61	0.41	0.15	Very High
Nippon India ETF Nifty PSU Bank BeES	-0.32%	-1.17%	-6.04%	-7.39%	8.81%	18.35%	25.56%	10.01%	6.93%	3,932.00	0.51	0.14	Very High
Kotak Nifty PSU Bank ETF	-0.32%	-1.17%	-6.06%	-7.4%	8.79%	18.33%	25.56%	9.94%	6.36%	2,490.74	0.51	0.14	Very High
Aditya Birla Sun Life Nifty Healthcare ETF	-6.38%	-4.45%	7.53%	9.15%	4.95%	18.01%	0%	N/A	12.85%	74.67	0.20	0.27	Very High
ICICI Prudential Nifty Healthcare ETF	-6.38%	-4.44%	7.56%	9.19%	5%	17.87%	12.38%	N/A	12.86%	231.43	0.16	0.27	Very High
DSP MSCI India ETF Current	-3.07%	-5.69%	-4.68%	-7.46%	N/A	N/A	N/A	N/A	-7.92%	2.59	0.42	-0.32	Very High

Holdings (166)

Instrument Type

Domestic Equities

99.60%

Cash & Cash Equivalents and Net Assets

0.40%

Sector

Banks

20.30%

Petroleum Products

6.40%

Telecom - Services

4.73%

IT - Software

6.56%

Automobiles

6.21%

Construction

2.02%

Finance

6.28%

Pharmaceuticals & Biotechnology

5.58%

Consumer Durables

2.77%

Retailing

3.40%

Power

3.72%

Ferrous Metals

2.21%

Aerospace & Defense

1.70%

Diversified FMCG

1.68%

Non - Ferrous Metals

1.64%

Cement & Cement Products

1.90%

Transport Infrastructure

1.05%

Transport Services

0.75%

Healthcare Services

1.49%

Agricultural, Commercial & Construction Vehicles

0.96%

Insurance

1.45%

Food Products

1.01%

Metals & Minerals Trading

0.59%

Auto Components

1.29%

Consumable Fuels

0.52%

Financial Technology (Fintech)

0.81%

Industrial Products

1.32%

Capital Markets

1.38%

Leisure Services

0.47%

Oil

0.61%

Beverages

0.75%

Electrical Equipment

2.77%

Agricultural Food & Other Products

0.73%

Chemicals & Petrochemicals

0.97%

Realty

1.42%

Gas

0.48%

Diversified Metals

0.28%

Others

0.40%

Personal Products

0.55%

Fertilizers & Agrochemicals

0.51%

Minerals & Mining

0.19%

Textiles & Apparels

0.14%

Name	Sector	Instrument	Assets %
HDFC Bank Ltd.	Banks	Domestic Equities	6.44%
ICICI Bank Ltd.	Banks	Domestic Equities	5.59%
Reliance Industries Ltd.	Petroleum Products	Domestic Equities	5.44%
Bharti Airtel Ltd.	Telecom - Services	Domestic Equities	3.93%
Infosys Ltd.	IT - Software	Domestic Equities	2.41%
Axis Bank Ltd.	Banks	Domestic Equities	2.25%
Mahindra & Mahindra Ltd.	Automobiles	Domestic Equities	2.05%
Larsen & Toubro Ltd.	Construction	Domestic Equities	2.02%
Bajaj Finance Ltd.	Finance	Domestic Equities	1.90%
Kotak Mahindra Bank Ltd.	Banks	Domestic Equities	1.82%
State Bank Of India	Banks	Domestic Equities	1.41%
Tata Consultancy Services Ltd.	IT - Software	Domestic Equities	1.33%
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	1.30%
Titan Company Ltd.	Consumer Durables	Domestic Equities	1.29%
Eternal Ltd.	Retailing	Domestic Equities	1.22%
NTPC Ltd.	Power	Domestic Equities	1.12%
Maruti Suzuki India Ltd.	Automobiles	Domestic Equities	1.11%
Shriram Finance Ltd.	Finance	Domestic Equities	1.10%
Tata Steel Ltd.	Ferrous Metals	Domestic Equities	1.10%
Bharat Electronics Ltd.	Aerospace & Defense	Domestic Equities	1.07%
Hindustan Unilever Ltd.	Diversified FMCG	Domestic Equities	1.05%
Hindalco Industries Ltd.	Non - Ferrous Metals	Domestic Equities	0.97%
Divi's Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.90%
Ultratech Cement Ltd.	Cement & Cement Products	Domestic Equities	0.89%
Power Grid Corporation Of India Ltd.	Power	Domestic Equities	0.87%
HCL Technologies Ltd.	IT - Software	Domestic Equities	0.86%
Adani Ports and Special Economic Zone Ltd.	Transport Infrastructure	Domestic Equities	0.83%
TVS Motor Company Ltd.	Automobiles	Domestic Equities	0.78%
Eicher Motors Ltd.	Automobiles	Domestic Equities	0.77%
Interglobe Aviation Ltd.	Transport Services	Domestic Equities	0.75%
Asian Paints Ltd.	Consumer Durables	Domestic Equities	0.73%
Apollo Hospitals Enterprise Ltd.	Healthcare Services	Domestic Equities	0.66%
Grasim Industries Ltd.	Cement & Cement Products	Domestic Equities	0.66%
Tech Mahindra Ltd.	IT - Software	Domestic Equities	0.65%
Hindustan Aeronautics Ltd.	Aerospace & Defense	Domestic Equities	0.63%
ITC Ltd.	Diversified FMCG	Domestic Equities	0.63%
Tata Motors Ltd.	Agricultural, Commercial & Construction Vehicles	Domestic Equities	0.62%
JSW Steel Ltd.	Ferrous Metals	Domestic Equities	0.61%
SBI Life Insurance Company Ltd.	Insurance	Domestic Equities	0.61%
Nestle India Ltd.	Food Products	Domestic Equities	0.60%
Adani Enterprises Ltd.	Metals & Minerals Trading	Domestic Equities	0.59%
Bajaj Auto Ltd.	Automobiles	Domestic Equities	0.59%
Trent Ltd.	Retailing	Domestic Equities	0.56%
Cholamandalam Investment and Finance Company Ltd.	Finance	Domestic Equities	0.55%
Laurus Labs Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.55%
Samvardhana Motherson International Ltd.	Auto Components	Domestic Equities	0.55%
Cipla Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.54%
Torrent Pharmaceuticals Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.54%
Adani Power Ltd.	Power	Domestic Equities	0.53%
Bajaj Finserv Ltd.	Finance	Domestic Equities	0.53%
Max Healthcare Institute Ltd.	Healthcare Services	Domestic Equities	0.52%
Coal India Ltd.	Consumable Fuels	Domestic Equities	0.52%
One97 Communications Ltd.	Financial Technology (Fintech)	Domestic Equities	0.51%
Hero MotoCorp Ltd.	Automobiles	Domestic Equities	0.51%
Cummins India Ltd.	Industrial Products	Domestic Equities	0.50%
Dr. Reddy's Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.49%
BSE Ltd.	Capital Markets	Domestic Equities	0.49%
The Indian Hotels Company Ltd.	Leisure Services	Domestic Equities	0.47%
Oil & Natural Gas Corporation Ltd.	Oil	Domestic Equities	0.46%
The Federal Bank Ltd.	Banks	Domestic Equities	0.46%
JIO Financial Services Ltd.	Finance	Domestic Equities	0.46%
Vedanta Aluminium Metal Ltd.	Non - Ferrous Metals	Domestic Equities	0.45%
AU Small Finance Bank Ltd.	Banks	Domestic Equities	0.44%
Avenue Supermarts Ltd.	Retailing	Domestic Equities	0.44%
Varun Beverages Ltd.	Beverages	Domestic Equities	0.44%
Tata Power Company Ltd.	Power	Domestic Equities	0.43%
CG Power and Industrial Solutions Ltd.	Electrical Equipment	Domestic Equities	0.43%
Persistent Systems Ltd.	IT - Software	Domestic Equities	0.43%
GE Vernova T&D India Ltd.	Electrical Equipment	Domestic Equities	0.42%
Tata Motors Passenger Vehicles Ltd.	Automobiles	Domestic Equities	0.42%
IndusInd Bank Ltd.	Banks	Domestic Equities	0.41%
Tata Consumer Products Ltd.	Agricultural Food & Other Products	Domestic Equities	0.41%
Britannia Industries Ltd.	Food Products	Domestic Equities	0.41%
HDFC Life Insurance Company Ltd.	Insurance	Domestic Equities	0.41%
Dixon Technologies (India) Ltd.	Consumer Durables	Domestic Equities	0.41%
Bharat Heavy Electricals Ltd.	Electrical Equipment	Domestic Equities	0.41%
Bharat Petroleum Corporation Ltd.	Petroleum Products	Domestic Equities	0.39%
Solar Industries India Ltd.	Chemicals & Petrochemicals	Domestic Equities	0.38%
Indus Towers Ltd.	Telecom - Services	Domestic Equities	0.37%
Lupin Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.37%
Bharat Forge Ltd.	Auto Components	Domestic Equities	0.36%
Lenskart Solutions Ltd.	Retailing	Domestic Equities	0.36%
Hitachi Energy India Ltd.	Electrical Equipment	Domestic Equities	0.36%
HDFC Asset Management Company Ltd.	Capital Markets	Domestic Equities	0.35%
Ashok Leyland Ltd.	Agricultural, Commercial & Construction Vehicles	Domestic Equities	0.34%
Aurobindo Pharma Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.34%
Power Finance Corporation Ltd.	Finance	Domestic Equities	0.34%
Polycab India Ltd.	Industrial Products	Domestic Equities	0.34%
DLF Ltd.	Realty	Domestic Equities	0.33%
Multi Commodity Exchange Of India Ltd.	Capital Markets	Domestic Equities	0.33%
Info Edge (India) Ltd.	Retailing	Domestic Equities	0.33%
Pidilite Industries Ltd.	Chemicals & Petrochemicals	Domestic Equities	0.33%
Marico Ltd.	Agricultural Food & Other Products	Domestic Equities	0.32%
Suzlon Energy Ltd.	Electrical Equipment	Domestic Equities	0.32%
Jindal Steel Ltd.	Ferrous Metals	Domestic Equities	0.32%
United Spirits Ltd.	Beverages	Domestic Equities	0.31%
ICICI Lombard General Insurance Company Ltd.	Insurance	Domestic Equities	0.31%
APL Apollo Tubes Ltd.	Industrial Products	Domestic Equities	0.31%
GAIL (India) Ltd.	Gas	Domestic Equities	0.31%
FSN E-Commerce Ventures Ltd.	Retailing	Domestic Equities	0.31%
Indian Oil Corporation Ltd.	Petroleum Products	Domestic Equities	0.30%
Fortis Healthcare Ltd.	Healthcare Services	Domestic Equities	0.30%
PB Fintech Ltd.	Financial Technology (Fintech)	Domestic Equities	0.30%
Wipro Ltd.	IT - Software	Domestic Equities	0.29%
The Phoenix Mills Ltd.	Realty	Domestic Equities	0.29%
Vedanta Ltd.	Diversified Metals	Domestic Equities	0.28%
REC Ltd.	Finance	Domestic Equities	0.28%
IDFC First Bank Ltd.	Banks	Domestic Equities	0.27%
Vodafone Idea Ltd.	Telecom - Services	Domestic Equities	0.27%
Hindustan Petroleum Corporation Ltd.	Petroleum Products	Domestic Equities	0.27%
SRF Ltd.	Chemicals & Petrochemicals	Domestic Equities	0.27%
TREPS / Reverse Repo Investments		Cash & Cash Equivalents and Net Assets	0.27%
Godrej Consumer Products Ltd.	Personal Products	Domestic Equities	0.26%
Bajaj Holdings & Investment Ltd.	Finance	Domestic Equities	0.25%
Lodha Developers Ltd.	Realty	Domestic Equities	0.25%
Yes Bank Ltd.	Banks	Domestic Equities	0.25%
Muthoot Finance Ltd.	Finance	Domestic Equities	0.24%
ABB India Ltd.	Electrical Equipment	Domestic Equities	0.24%
Siemens Ltd.	Electrical Equipment	Domestic Equities	0.23%
National Aluminium Company Ltd.	Non - Ferrous Metals	Domestic Equities	0.22%
Aditya Birla Capital Ltd.	Finance	Domestic Equities	0.22%
GMR Airports Ltd.	Transport Infrastructure	Domestic Equities	0.22%
UPL Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.22%
Sundaram Finance Ltd.	Finance	Domestic Equities	0.22%
Adani Energy Solutions Ltd.	Power	Domestic Equities	0.22%
Siemens Energy India Ltd.	Electrical Equipment	Domestic Equities	0.21%
Union Bank Of India	Banks	Domestic Equities	0.21%
Mphasis Ltd.	IT - Software	Domestic Equities	0.21%
Punjab National Bank	Banks	Domestic Equities	0.21%
Billionbrains Garage Ventures Ltd.	Capital Markets	Domestic Equities	0.21%
Prestige Estates Projects Ltd.	Realty	Domestic Equities	0.20%
LTM Ltd.	IT - Software	Domestic Equities	0.20%
Mankind Pharma Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.20%
Tube Investments of India Ltd.	Auto Components	Domestic Equities	0.19%
Bank Of Baroda	Banks	Domestic Equities	0.19%
NHPC Ltd.	Power	Domestic Equities	0.19%
Vishal Mega Mart Ltd.	Retailing	Domestic Equities	0.19%
NMDC Ltd.	Minerals & Mining	Domestic Equities	0.19%
Bosch Ltd.	Auto Components	Domestic Equities	0.18%
Alkem Laboratories Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.18%
JSW Energy Ltd.	Power	Domestic Equities	0.18%
Ambuja Cements Ltd.	Cement & Cement Products	Domestic Equities	0.18%
Godrej Properties Ltd.	Realty	Domestic Equities	0.18%
Indian Bank	Banks	Domestic Equities	0.17%
Supreme Industries Ltd.	Industrial Products	Domestic Equities	0.17%
Torrent Power Ltd.	Power	Domestic Equities	0.17%
Jindal Stainless Ltd.	Ferrous Metals	Domestic Equities	0.17%
Shree Cement Ltd.	Cement & Cement Products	Domestic Equities	0.17%
Canara Bank	Banks	Domestic Equities	0.17%
L&T Finance Ltd.	Finance	Domestic Equities	0.17%
Zydus Lifesciences Ltd.	Pharmaceuticals & Biotechnology	Domestic Equities	0.17%
Petronet LNG Ltd.	Gas	Domestic Equities	0.17%
Voltas Ltd.	Consumer Durables	Domestic Equities	0.17%
Waaree Energies Ltd.	Electrical Equipment	Domestic Equities	0.17%
Havells India Ltd.	Consumer Durables	Domestic Equities	0.17%
Oracle Financial Services Software Ltd.	IT - Software	Domestic Equities	0.17%
Oberoi Realty Ltd.	Realty	Domestic Equities	0.16%
Colgate-Palmolive (India) Ltd.	Personal Products	Domestic Equities	0.16%
Coromandel International Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.16%
Tata Communications Ltd.	Telecom - Services	Domestic Equities	0.15%
Oil India Ltd.	Oil	Domestic Equities	0.15%
Page Industries Ltd.	Textiles & Apparels	Domestic Equities	0.14%
Net Receivables/Payables		Cash & Cash Equivalents and Net Assets	0.14%
Dabur India Ltd.	Personal Products	Domestic Equities	0.13%
ICICI Life Insurance Ltd.	Insurance	Domestic Equities	0.13%
PI Industries Ltd.	Fertilizers & Agrochemicals	Domestic Equities	0.12%
Total			100.00%

FUND MANAGERS

Managed By Experts

Mr. Anil Ghelani

Anil has been working with the DSP Group since 2003. He is currently the Head of Passive Investments & Products, managing a range of ETFs and Index Funds across asset classes. Previously, he served as the CEO & Chief Investment Officer at DSP BlackRock Pension Fund Managers. Earlier in his career at DSP, he led the Risk and Quantitative Analysis team, providing quantitative research inputs and buy-side credit research on companies across various sectors. Prior to joining DSP, Anil worked at IL&FS Asset Management Company and at S.R. Batliboi, a member firm of EY. Anil has been a volunteer with the CFA Society India for more than a decade and has served as Vice Chairman on the board.

Age

37 Yrs

Experience

18 Years

Reported

10 Jan 2017

CFA, CA, B.Com

Mr. Diipesh Shah

Diipesh has a total work experience of over 20 years. He has been working with DSP since September 2019 as a Dealer for ETF and Passive Investments. He is now also the Fund Manager of various schemes of DSP Mutual Fund. Diipesh has also worked with JM Financial Institutional Broking Ltd., Centrum Broking Lt.d, IDFC Securities Ltd., and Kotak Securities Ltd. in Institutional Equity Sales Trading. He is a Chartered Accountant (ICAI, India) and also holds a Bachelor of Commerce degree.

Age

42 Yrs

Experience

20 Years

Reported

01 Nov 2020

B. Com, ACA, CFA - Level 1

AMC

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FAQ

All You Need To Know About Mutual Funds

It is an Open ended scheme that primarily invests in ETFs.

The investment objective of the Scheme is to generate returns that are commensurate with the performance of the MSCI India Index, subject to tracking error.

The scheme benchmark is the MSCI India.

It is classified as Very High Risk.

1-year: N/A (scheme is younger than 1 year) | 3-year: N/A (scheme is younger than 3 years) | 5-year: N/A (scheme is younger than 5 years)

Top holdings include: HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Infosys Ltd.

The NAV is around ₹27.96.

The fund's AUM is approximately ₹3 Cr.

The expense ratio for the Regular Plan is 0.42%.

Minimum SIP starts at ₹0.

The minimum lump sum investment is ₹5000.

You can start a SIP through the Sharescart platform. Enter KYC details, choose the Regular Growth option, set SIP amount and frequency, and submit.

The fund managers: Anil Ghelani, Diipesh Shah, Neha Rathi

This fund is suitable for investors with a Very High risk tolerance.